PSX signs Data Licensing Agreement with German Firm

December 15, 2021

291

Pakistan Stock Exchange has signed an exclusive data licensing agreement with leading German data exchange operator Deutsche Börse to increase the depth and reach of data products on the market worldwide.

From 1 January 2022, Deutsche Börse will be the sole licensor of PSX stock market data for international clients. This data collaboration agreement is an important step forward for PSX, allowing the Pakistani Exchange to expand its access to market data around the world. With this agreement, the Pakistani Stock Exchange will expand its global presence in order to leverage Deutsche Boersen’s international presence to significantly expand its market database and attract foreign investors to the PSX market.

Farrukh H. Khan, CEO of the Pakistani Stock Exchange, commented on the occasion: “Our broader vision is to increase market share by supporting easy and equitable access to quality information. As our markets develop, partnerships with global exchange networks and data providers expand our international presence. “

Alireza Dorfard, Head of Market Information and Services at Deutsche Boersen, said: “Through this partnership, we provide customers with additional market intelligence in emerging markets. At the same time, we strive to reduce their administrative requirements and improve their overall level of efficiency. “